NMDC: A high dividend paying company
NMDC Ltd | NSE: NMDC - 16-Feb 3:29 PM | CMP 89.60 INR
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National Mineral Development Corporation
The NMDC Limited is a state-controlled Mining company having headquarter in Hyderabad. It is mineral producer of the Government of India and is under administrative control of the Ministry of Steel, Government of India. NMDC's Market cap is 354.6B, it is trading at P/E ratio of 5.57. The best part is it's one of the a high dividend paying companies in Indian stock market with almost 9.54% Dividend yield ratio.National Mineral Development Corporation
Key ratios;
- MARKET CAP (RS CR): 35,424.74
- P/E: 9.27
- BOOK VALUE (RS): 81.55
- DIV (%): 855.00%
- MARKET LOT: 1
- INDUSTRY P/E: 10.90
- EPS (TTM): 9.64
- P/C: 7.19
- PRICE/BOOK: 1.10
- DIV YIELD.(%): 9.57%
- FACE VALUE (RS): 1.00
source: moneycontrol
The buzz: NMDC has declared first interim dividend at the rate of Rs. 9.50 per equity share of face value of Rs. 1/- each for the financial year 2015-16. Record date of interim dividend is 25 feb, 2016. So a rally in stock till ex-dividend date is highly anticipated, which may lead it to at least 95 to 97. Divided yield at current price is around 11%.
Technical view on NMDC
- NMDC is trading with huge volume in both stock exchanges; NSE and BSE.
- Its multiple support is at 75.
How to Play Dividend Game in NMDC
If u r planning to make few bucks in very short period of time even in this volatile market, look at
NMDC@89
Strategy;
If you are an investor;
- you must have this debt free company in your portfolio. High dividend yield ratio around 9% is good annual return for an investor, so you willl cover your cost in almost 7 years.
- Company is having sufficient reserves and cash balances in its balance sheet which will help it to grow faster than any other metal stocks in Indian stock market.
If you are a trader;
Just buy now and get delivery in your demat account to avail dividend further you may sell it on 26th Feb, 2016 which is its ex divided date. Most probably this will go up to 95-97 till 25th feb, 2016 i.e. record date of divided.
What happens if gap down opening on 26 feb, 2016?
Yeah its quite possible to see a gap down on ex date. Supposing 5% gap down ll pull it to 97-5% =92.
Now what u hv gained is 9.50 div per shares+ 2 market price gain = rs. 11.50 per shares i.e. more than 12% in few days.
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